PNS
The managing director and CEO of UCO Bank, Ashwani Kumar announced the financial results for the fourth quarter of the financial year 2024-25, ending on March 31. The announcement was made via video conferencing broadcasted from the UCO Bank head office in Kolkata with all zonal offices participating. Team from zonal office, Dehradun also joined the press briefing via video conferencing.
As per the MD, total business of the bank stood at Rs 5,13,527 Cr as on March 31, 2025 showing an increase of 14.12 per cent Y-o-Y wherein gross advances increased by 17.72 per cent Y-o-Y to Rs 2,19,985 Cr while the total deposits grew by 11.56 per cent Y-o-Y to Rs 2,93,542 Cr.Net profit for the quarter ending March 31, 2025 stood at Rs 652 Cr as against Rs 526 Cr for the same period of preceding year, registering a growth of 23.98 per cent Y-o-Y.
The zonal head of UCO Bank zonal office, Dehradun Randhir Kumar stated that during the FY 2024-25, the profitability has improved and no provision is required for Mark to Market (MTM) losses.
